HighGravityDataCurrent guidance
36 items
Netflix
Guidance from Netflix’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Releases tracked
8
Latest release
Jul 16, 2026
Data checked
Jul 16, 2026
What changed in the Jul 16, 2026 release
Each item compared with the same item in the previous release (Apr 10, 2026). Values in quotation marks are the company’s words.
New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| New | Ads revenue | for FY2026 | — | “approximately $3 billion” | Filing ↗ |
| New | Forecasted revenue range | for FY2026 | — | “$51.0-$51.4B” | Filing ↗ |
| New | Revenue | for Q3 FY2026 | — | “$ 12,860” | Filing ↗ |
| New | Revenue forecast | for FY2026 | — | “$51.0-$51.4B” | Filing ↗ |
| New | Diluted EPS | for Q3 FY2026 | — | “$ 0.82” | Filing ↗ |
| New | Net Income | for Q3 FY2026 | — | “$ 3,452” | Filing ↗ |
| New | Operating Income | for Q3 FY2026 | — | “$ 4,268” | Filing ↗ |
| New | Operating income growth | for FY2026 | — | “20%+” | Filing ↗ |
| New | Operating margin | for Q3 FY2026 | — | “33.2%” | Filing ↗ |
| New | Content amortization growth | for FY2026 | — | “~10%” | Filing ↗ |
| New | Debt maturing | for FY2026 | — | “$1B” | Filing ↗ |
| New | Debt maturing to be refinanced | for FY2026 | — | “$1B” | Filing ↗ |
| New | FCF | for FY2026 | — | “approximately $12.5B” | Filing ↗ |
| New | Live programming share of content spend | for FY2026 | — | “just over 5% of our content spend” | Filing ↗ |
| New | Live programming share of view hours | for FY2026 | — | “only ~1% of view hours” | Filing ↗ |
| New | Y/Y % Growth | for Q3 FY2026 | — | “11.7 %” | Filing ↗ |
| Reiterated | Operating margin | for FY2026 | “31.5%” | “31.5%” | Filing ↗ |
| Reiterated | Annual cash content spend to amortization ratio | for FY2026 | “~1.1x” | “~1.1x” | Filing ↗ |
| Reiterated | Cash content spend to amortization ratio | for FY2026 | “~1.1x” | “~1.1x” | Filing ↗ |
| Reiterated | Free cash flow | for FY2026 | “approximately $12.5B” | “approximately $12.5B” | Filing ↗ |
Show 7 items not restated in this release
| Change | Metric | Period | Previous | Now | Source |
|---|---|---|---|---|---|
| Not restated | Revenue | for FY2026 | “$50.7-$51.7B” | — | Filing ↗ |
| Not restated | Revenue forecast | for FY2026 | “$50.7B-$51.7B” | — | Filing ↗ |
| Not restated | Acquisition-related expenses included in margin forecast | for FY2026 | “approximately $275M” | — | Filing ↗ |
| Not restated | Ad formats testable | for FY2026 | “dozens of ad formats” | — | Filing ↗ |
| Not restated | Share buybacks | for FY2026 | “we’ll pause our share buybacks to accumulate cash to help fund the pending acquisition of Warner Bros.” | — | Filing ↗ |
| Not restated | Long-term operating margin goal | for the long term | “our intent is to grow our operating margin each year” | — | Filing ↗ |
| Not restated | Long-term financial priorities | for the long term | “sustain healthy revenue growth, expand operating profit and margin, and deliver growing free cash flow” | — | Filing ↗ |
Current guidance
Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.
Current fiscal year
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Ad revenue growth | “a projected rough doubling of ad revenue in 2026 vs. 2025” | for FY2026 | GAAP-tied | Jan 20, 2026 | 1 | Filing ↗ |
| Ads revenue | “approximately $3 billion” | for FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Advertising revenue | “$3B” | for FY2026 | GAAP-tied | Apr 10, 2026 | 1 | Filing ↗ |
| Forecasted revenue range | “$51.0-$51.4B” | for FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Revenue | “$ 12,860” | for Q3 FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Revenue | “$50.7-$51.7B” | for FY2026 | GAAP-tied | Apr 10, 2026 | 1 | Filing ↗ |
| Revenue forecast | “$51.0-$51.4B” | for FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Revenue forecast | “$50.7B-$51.7B” | for FY2026 | GAAP-tied | Jan 20, 2026 | 1 | Filing ↗ |
| Acquisition-related expenses included in margin forecast | “approximately $275M” | for FY2026 | Company-defined | Jan 20, 2026 | 1 | Filing ↗ |
| Diluted EPS | “$ 0.82” | for Q3 FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Net Income | “$ 3,452” | for Q3 FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Operating Income | “$ 4,268” | for Q3 FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Operating income growth | “20%+” | for FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Operating margin | “31.5%” | for FY2026 | GAAP-tied | Apr 10, 2026 | 2 | Filing ↗ |
| Operating margin | “33.2%” | for Q3 FY2026 | GAAP-tied | Jul 16, 2026 | 1 | Filing ↗ |
| Operating margin | “year-over-year operating margin growth in Q3 and Q4 in order to deliver our 2026 margin target” | for Q3 FY2026 | GAAP-tied | Apr 10, 2026 | 1 | Filing ↗ |
| Operating margin target | “31.5%” | for FY2026 | GAAP-tied | Jan 20, 2026 | 1 | Filing ↗ |
| Ad formats testable | “dozens of ad formats” | for FY2026 | Company-defined | Oct 21, 2025 | 1 | Filing ↗ |
| Annual cash content spend to amortization ratio | “~1.1x” | for FY2026 | Company-defined | Apr 10, 2026 | 2 | Filing ↗ |
| Cash content spend to amortization ratio | “~1.1x” | for FY2026 | Company-defined | Apr 10, 2026 | 2 | Filing ↗ |
| Cash content spend to content amortization ratio | “~1.1x” | for FY2026 | Company-defined | Jan 20, 2026 | 1 | Filing ↗ |
| Content amortization growth | “~10%” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| Content amortization growth | “~10%” | for FY2026 | Company-defined | Jan 20, 2026 | 1 | Filing ↗ |
| Debt maturing | “$1B” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| Debt maturing to be refinanced | “$1B” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| FCF | “approximately $12.5B” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| FCF | “approximately $12.5B” | for FY2026 | Company-defined | Apr 10, 2026 | 1 | Filing ↗ |
| Free cash flow | “approximately $12.5B” | for FY2026 | Company-defined | Apr 10, 2026 | 2 | Filing ↗ |
| Free cash flow forecast | “roughly $11B” | for FY2026 | Company-defined | Jan 20, 2026 | 1 | Filing ↗ |
| Live programming share of content spend | “just over 5% of our content spend” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| Live programming share of view hours | “only ~1% of view hours” | for FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
| Share buybacks | “we’ll pause our share buybacks to accumulate cash to help fund the pending acquisition of Warner Bros.” | for FY2026 | Company-defined | Jan 20, 2026 | 1 | Filing ↗ |
| Y/Y % Growth | “11.7 %” | for Q3 FY2026 | Company-defined | Jul 16, 2026 | 1 | Filing ↗ |
Long term
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Long-term operating margin goal | “our intent is to grow our operating margin each year” | for the long term | GAAP-tied | Jan 20, 2026 | 1 | Filing ↗ |
| Fort Monmouth, NJ production facility investment | “roughly $1B” | for the long term | Company-defined | Jul 17, 2025 | 1 | Filing ↗ |
| Incremental Share Repurchase Authorization | “$15B” | for the long term | Declared action | Jan 21, 2025 | 1 | Filing ↗ |
| Long-term financial priorities | “sustain healthy revenue growth, expand operating profit and margin, and deliver growing free cash flow” | for the long term | Company-defined | Apr 10, 2026 | 1 | Filing ↗ |
| Remaining share repurchase authorization | “$10.1B remaining under our existing share repurchase authorization” | for the long term | Declared action | Oct 21, 2025 | 1 | Filing ↗ |
| Total Buyback Authorization | “$17.1B” | for the long term | Declared action | Jan 21, 2025 | 1 | Filing ↗ |
No period stated
| Metric | Current value | Period | Measure | First stated | Times stated | Source |
|---|---|---|---|---|---|---|
| Share repurchase authorization | “an additional $25B” | — | Declared action | Jul 16, 2026 | 1 | Filing ↗ |
| Share repurchase program | “an incremental $15B” | — | Declared action | Jan 21, 2025 | 1 | Filing ↗ |
| Total buyback authorization | “$17.1B” | — | Declared action | Jan 21, 2025 | 1 | Filing ↗ |
How one item moved
Revenue, for FY2025 — every statement across the year, each linked to its filing.
How your Internet, media & interactive sector group guides
11 companies in Internet, media & interactive. What they guide on, and who reported this season.
Most-guided metric families
This season’s releases
| Take-Two Interactive | Aug 7, 2026 | 14 changes |
| The Trade Desk | Aug 6, 2026 | 2 changes |
| AppLovin | Aug 5, 2026 | 3 changes |
| Warner Music Group | Aug 5, 2026 | 1 change |
| Match Group | Aug 4, 2026 | 7 changes |
| Aug 4, 2026 | 5 changes | |
| Live Nation Entertainment | Jul 30, 2026 | 25 changes |
| Jul 30, 2026 | 2 changes |
Get this for your own peer set — Peer Guidance Briefing, $3,000.
Full history
Every metric, every release, eight quarters — the complete record as one table.
| Metric | FY2026 | FY2025 | FY2024 | Long-term | No period |
|---|---|---|---|---|---|
| Ad revenue growth | 1 statement | 2 statements | — | — | — |
| Ads revenue | 1 statement | 2 statements | — | — | — |
| Advertising revenue | 1 statement | — | — | — | — |
| Forecasted revenue range | 1 statement | — | — | — | — |
| Revenue | 6 statements | 11 statements | 2 statements | — | — |
The full record for Netflix and its Internet, media & interactive peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.
Filings
The 8 earnings releases this page is built from.
| Filed | Fiscal period | Accession | Guidance items | |
|---|---|---|---|---|
| Jul 16, 2026 | FY2026 Q2 | 0001065280-26-000211 | 21 | Open filing ↗ |
| Apr 10, 2026 | FY2026 Q1 | 0001065280-26-000137 | 16 | Open filing ↗ |
| Jan 20, 2026 | FY2025 Q4 | 0001065280-26-000033 | 15 | Open filing ↗ |
| Oct 21, 2025 | FY2025 Q3 | 0001065280-25-000404 | 14 | Open filing ↗ |
| Jul 17, 2025 | FY2025 Q2 | 0001065280-25-000322 | 15 | Open filing ↗ |
| Apr 11, 2025 | FY2025 Q1 | 0001065280-25-000175 | 11 | Open filing ↗ |
| Jan 21, 2025 | FY2024 Q4 | 0001065280-25-000033 | 21 | Open filing ↗ |
| Oct 17, 2024 | FY2024 Q3 | 0001065280-24-000286 | 16 | Open filing ↗ |
Not located in filing
2 values were detected in these releases but could not be matched to an exact sentence in the filing body, so they are not shown as guidance. We surface the count rather than drop it silently.
Show the 2 unmatched spans
| Span | Why | Filed |
|---|---|---|
| Operating margin = 31.5% based on F/X rates as of January 1, 2026 | span gate: value not verbatim in filing | Apr 10, 2026 |
| Kids' games = several more kids' games | span gate: value not verbatim in filing | Apr 10, 2026 |
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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